Taiwan govt pledges to stabilise financial markets


  • Business
  • Thursday, 25 Mar 2004

TAIPEI: Taiwan's central bank and finance ministry pledged yesterday to stabilise the financial markets as the island tries to defuse a crisis over last weekend's disputed presidential election. 

The central bank said in a statement it was ready to intervene in the currency market to ensure “dynamic stability''. It noted that volume in the market had returned to normal after a huge rise on Monday. 

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